Skylight Health Group Inc V.SLHG.H

$SLHG- Skylight Health Group

[maysilverstone]

For those looking to enter the US healthcare market, Skylight Health Group is worth looking into.
 

Lake Street recently initiated coverage for $SLHG with a buy rating and a pt of $8.
 

Here's a quick overview of the company:
 

- Recently announced the expansion of their partnership with ClinEdge into Colorado and award for their first Colorado-based research project.
 

- Have acquired and closed $30M in annualized clinic revenue
 

- Over 70k patients across 5 markets through a network of 60 medical professionals
 

- 19 medical centers
 

- Gross margins of 65-75% and target operational net margin contribution of 20-30% per clinic
 

- No long-term debt and cash balance of over $15M
 

As they continue to acquire clinics and focus on their value-based care model resulting in improved patient care, this one has lots of potential.
 

https://financialpost.com/globe-newswire/skylight-health-announces-expansion-of-clinedge-partnership-and-award-for-first-colorado-study